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20130228
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CNBC 59
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English 59
Search Results 0 to 49 of about 59 (some duplicates have been removed)
CNBC
Feb 13, 2013 9:00am EST
professional life. he'll also talk a little bit of time at citi. that's been controversial, as you guys have pointed out. the question to a lot of lawmakers is, what exactly did jack lew while he worked at citi for the money he collected. he'll describe himself as a changed agent inside citi. he doesn't mention at all in the prepared remarks anything about this fund that he invested in, that was based in the cayman islands. that's likely to be controversial. we're likely to hear several questions about that one. david, the prepared testimony is one thing, but when then get to the q&a, they'll bear down on what jack lew has to say. carl. >> eamon, there's some discussion how his grilling might be a little bit light, only because republicans haven't really coalesced around a whole lot of opposition. >> yeah, i think the consensus is, they might bang him up a little bit in the hearing. but the expectation is he'll get through and the president will get his man. jack lew has been scrutinized in the past for a variety of jobs. he's a well-known figure here in washington. a lot of republicans don'
CNBC
Feb 22, 2013 12:00pm EST
. coach at an 18-month low. kors, new high earlier this week. and you've got coach on citi's list of the global top 50 stocks, which i found ironic. >> citi's clearly wrong. coach hasn't been in style for quite some time. my kids stopped buying that years ago. fashion is a fad and coach is fashion. michael kors is the hot one right now. i sold macy's over $40 on wednesday. i'm worried about the consumer. i'm worried about retail guiding down because of obama care because don't forget, they have to start -- >> wait a minute. that's a headline in and of itself, at least in terms of what we talk about on this show. you've been a backer of macy's for a long time. >> right. >> you have believed in the story that lundgren, the ceo, has been telling us. now you're out. you're making a bigger statement here about where you think the consumer sits and where the market could go? >> i didn't quite slip that in, did i? i think that macy's is still a cheap stock. however, i'm worried about the consumer space. i'm worried about the consumer a little bit in terms of the money that's going in the
CNBC
Feb 4, 2013 5:00pm EST
in new york city's times square, i'm melissa lee. altitude sickness. stocks pull back. monopoly money. if you had a billion dollars, would you put into houses? we have a guest who is doing just that. and jpmorgan versus citigroup. while karen is cheating on jamie dimon. first, let's get to our top four trades. pete? >> ups. i was focusing on them for multiple reasons. that tnt deal for tnt express over in europe, obviously $7 billion is now back to ups. they are going to have to use that in different ways. the dividend, the other share buy-bayi buy-backs. it's pulled back slightly since that time. but this remains a very, very interesting stock. and today, the options got even more interesting. seller of april calls, buyer of the july upside calls. this is that roll from one out to the other, looking for a little bit of time but more upside to happen. >> and grasso, you were watching levels on the s&p 500, the biggest decline so far this year. >> right. you look at the weekly level. you have to look at the weekly low from last week. 1496. closed right below that. we haven't seen that
CNBC
Feb 19, 2013 11:00pm EST
'm not that crazy about. solar city i have to do work on. you know, it was my birthday recently. my kids said happy birthday, you got to get a solar panel. it's like solar city, like circuit -- i don't want to do that, but how about party city? that's not there, either. but i will tell you that i think the solar city is on to something. if you can get money to put a solar panel on and cut my electric bill, you would be plenty happy. matt in texas, matt? >> hi, jim. boo-yah from austin. >> man, austin, we had such a great time when we were in austin, at u.t. it was fantastic. what's up? >> caller: hey, i'm a longtime shareholder of unh. despite, due to medicare, is a small book of business, which is down over 6%. do you think you have growth strategy, and in particular international expansion or enough to offset obamacare? >> no, no, these stocks open down and down big. you get this medicare advantage, and they're going to cut it by that much, the stocks will be for sale. there's so many others, take the money out, buy cardinal health. you know, that's what's going to happen. anyway, some might be t
CNBC
Feb 8, 2013 9:00am EST
of resources. when you need a lot of resources to move all those 400,000 people to the city. >> a couple of headlines from the new york stock exchange. regarding winter storm, they say they do expect business as usual. this is according to a spokesperson. keeping member firms and traders informed of the weather reports. remember, we had some issues during sandy, obviously, where the exchange had to work mightily to open. it says it has contingency plans in effect. the surge they're talking here in new york is three to five feet. sandy was 13 feet. >> far different. >> ostensibly under a lot less pressure, but you never know what the storm's going to bring. >> up in the boston area, i believe it could be more significant. and again, with the high tides, highest tide of the month, what time will the surge be. i know there's a lot of focus on that. >> people should listen to the safety. >> watching shares of linkedin today. all new-time highs. blowing past expectations with its earnings. revenues up 81%. mostly coming from linkedin's recruitment services. stocks up almost 80% in the last 12
CNBC
Feb 11, 2013 12:00pm EST
turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back. time for our top three trades. valero is the energy company trading at the highest levels since 2008. a buck and half percent. >> if they got an upgrade today from the abundant of crude and high margins. love this sector and stock. i would lighten up on a third of it and take that dividend. just protect yourself. it's been a rocket ship. >> soy mon, what's happening? >> first revenue growth in eight quarters announced a share repurchase and guess what, up graded by 4%. >> ron johnson rarely spends a full workweek at the company's headquarters and puts in shorter hours than previous ce o's, based on a previous newspaper report. the stock is up 2%. what do you make of that? >> no idea. i don't really care where ron johnson works or what he's doing on a day-to-day basis. my concern is can he get traffic going an they just announced a return to sales concept. i don't know what that means. traffic remained flat and they are doing a lot of things. >> you do care. if the stock is in the tank and
CNBC
Feb 12, 2013 12:00pm EST
report" with tech today disappointing. financials are higher with names like blackrock, citi group, jpmorgan and american express with multi-year highs and goldman sachs 52 week high, rallies including community bank and those trading with multi-year highs. back to you. >> josh, thanks. as good a time as any to mention i will be speaking to goldman ceo blankfein at 2:00. pete, trade the financials here, not to be overlooked today. >> they shouldn't be overlooked. we talk about them being the backbone of these rallies and the financial sector, whether goldman sachs one day, yesterday, wells fargo had the upgrade yesterday and bank america and city are your players. they continue to explode to the upside. you look at the stock volume, you see a lot of volume in bank of america and options, same thing. the 12 strike calls continue to be attacked. now that we're through, we look to the upside and volume continues to be in the financials and banks. >> scott, i don't think it's coincidence we went from 1 to 2% in the 10 year, and i own these -- >> good for you. >> and they will make net
CNBC
Feb 12, 2013 1:00pm EST
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> it is time for final trade time. pete, kick us off. >> bank of america ready to break out and get towards 13. >> mtw, construction trade, i ththe going to continue to move. >> steve weiss. >> qualcomm, running a sale, time to get it if you don't own it. >> that does it for us live goldman tech conference in san francisco. "power lunch" starts now. >> hello. welcome to "power lunch." michelle caruso-cabrera. in for sue and tyler. apple ceo tim cook making big headlines. the fight with hedge fund manager david einhorn and cannibalization of the company's product. more on that fallout. >> also mead china factor, las vegas rolling out red carpet for chinese new year tourist, which casino stock stands to win big. >> "sports illustrated" swimsuit edition hits news stands today. i bet you already knew that. supermodel kate upton on the cover for the second year running. she's going to join us live here on "power lunch." we don't want to miss that. >> in the meantime,
CNBC
Feb 27, 2013 1:00pm EST
. chrw. a lot of buying of may 60 calls. >> stock correcting more than 10%. bought citi yesterday and more this morning. >> tesla. among the june 40 calls, unfairly beaten up. >> tweet me. that does it for us. can you see more "fast" at 5:00 tonight. big snap back. dow marching towards all time closing highs. right now up 130 points and "power" starts now. >> it is 1:00 in the east. welcome, everybody. on wall street we have several breaking stories to tell you about. big news on apple and price line today. apple's shareholder's meeting and a day after a big report on priceline. we have that company's ceo. let's look at apple shares for the upday on the market. we will delve deeply into apple in just a moment. meantime, priceline, let's take a look that one. sort of the massive performance over the last few years at $698 even. it is higher by 19.51 at this instance. sue is at the new york stock exchange. hi, sue. >> hi, ty. we have a strong market day today. markets are popping on very solid economic news. durable goods numbers and good earnings. and of course ben bernanke's reaff
CNBC
Feb 7, 2013 9:00am EST
to fail, the sequester and how he missed the crisis at citi. >>> is it time to say good-bye to the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the strongest since august, which was 86%, thanks to mkm partners. the number of them that have outpaced expectations is pretty big, relative to everything else. >> this is historically the one month i don't care abou
CNBC
Feb 6, 2013 6:00am EST
's revenue sharing, it is economic development for the areas, the communities and cities where we operate, so it's not just about baseball teams. we continue to do well. >> thank you so much for joining us. a great pleasure having you on. >> likewise. >> linda alvarado, alvarado construction. >>> a sneak peek in the green room, packed this morning. they regularly talk on conference calls with the white house, consulting with the president on issues of vital economic performance. today, they consult with you our viewer on "squawk box." at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. ♪ ♪ ♪ ♪
CNBC
Feb 17, 2013 7:30pm EST
that will have an impact "on the money." and is the city of new york city takeout in jeopardy? we look at the newest edition on michael bloomberg's list of banned substances. as we take a break, look at how the stock market ended the week. back in a moment. >>> for more on our show and our guests, check out the website otm.cnbc.com. i hope you'll follow me on twitter and google plus, look for me @mariabartiromo. >>> first, here's a look at the stories coming up in the week ahead that may move the markets and impact your money this week. >>> monday is president's day. stock market and banks are closed for the holiday. following that, earnings are out from walmart, hewlett-packard and dell computer. by the way, that could be the company's last earnings release before going private, that's dell. wednesday we'll find out the number of new residential units that began construction last month, as well as what happened behind closed doors at the last meeting of the federal reserve open market committee. the minutes from that meeting are out on wednesday. on thursday, realtors will report the
CNBC
Feb 6, 2013 3:00pm EST
>>> well, "the economist" is out with its list of most expensive cities in the world based on the price of everyday items. at number five, we have melbourne, australia, my hometown where, unfortunately, a loaf of bread there will set you back an average of $4.84. oslo, norway, very expensive city, a pack of smokes governments 15 bucked and number three, sydney, a bottle of table wine will cost you $25 which is a disgrace considering how much wine we produce and the runner up osaka, japan, where a dinner for four costs you $950. world's most expensive city, tokyo, loaf of bread, $9.60. >> thanks for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm embroemo at the new york stock exchange. this market trying to finish and retake that 14,000 level, not so fast. >> we're coming back here. i'm bill griffith. a see-saw day so far, the market's february volatility does continue and setting up to be an interesting final hour of trade, this being the most important hour of the day. as we've
CNBC
Feb 8, 2013 6:00am EST
in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival against standard & poors is testing likely so this likely to be more than two years out. the goal is to get more battle on potentially hazard just flights, so these flights will only happens. now let's head across the country to joe and becky and see what they have coming up this morning. joe, how was your week on the course? >> yeah, i had only one day in the tournament and it was one of those days that i'm used to out here. >> it was beautiful weather. >> it was beautiful weather and i hit a lot of different kinds of shots. when a professional golfer says that, they mean they intentionally hit a a lot of different kinds of sho
CNBC
Feb 28, 2013 9:00am EST
for cablevision in a very long time. david, in the meantime, we want to call your attention to vatican city. pope benedict xvi stepping down after nearly eight years as pontiff after unexpectedly announcing his resignation on february 11th for health reasons. you can see him walking down the hall here. he's expected to depart vatican city by helicopter heading to castel gandolfo where he will take up temporary residence until his new residence outside of vatican city is complete. once he steps into the castel gandolfo, the doors will closed and it is complete. >> thousands of people stormed into st. peter's square to watch this happen. they put big screen televisions inside the vatican grounds for the public to watch what is happening. it's hard to get a vantage point of the scale if you've never been there but isn't that just an amazing thing to watch? >> and historic are, given that we haven't seen anything like this in 600 years, right? >> i wasn't there but obviously you were, david. eagerly checking the stocks. >> yes, i was. >> interesting this morning, cardinal dolan of new york was asked
CNBC
Feb 11, 2013 4:00am EST
turbines are now powering some of america's biggest cities. siemens. answers. >>> let's take a look at u.s. futures. the last time we checked in, the dow was set to open about 11 points at the open. it's peared back just a tad. the dow is still trying to climb back towards that 14,000 level, a time, ross, when frankly more people were talking about warning signs in the market. >>> meanwhile, as far as the european stocks were concerned, and this is where we stand, firmer today. the ibex down 0.3%. the cac 40, ftse and xetra dax up between 0.25% and 0.5%. dollar index is up, kelly. >> that's right. and the dollar/yen, adding 0.5%. so 93.17. aussie/dollar weaker by about 0.5%. a lot of trade across asia is quiet or closed for the lunar new year. >>> france's problems have nothing to do with a single curren currency, but down to the problems itself. he said that the core of the french problem lies inside the cup, not in the foreign exchange rate. this time last week, the french president called for the rights to curve the euro. >>> and the euro group meeting, which is due to star today in b
CNBC
Feb 13, 2013 6:00am EST
private partnership in the cayman islands. he happened to invest in partnerships when he was at citi, and they happened to be based there. >> in romney's case he set them up down there? >> no, he didn't. i was not making -- i never made the cayman islands argument to you ever. >> oh! about romney? >> i never did. go back and check the tapes. never. >> i don't think he ever did. >> i think -- >> i don't think he did. >> in general, just the whole perception. now al gore's got more money, a lot more money than romney, as you know. you think that's in the cayman islands? >> he's not filthy rich. no, that's somewhere safe, the lea -- the middle east. >> as the ocean washes across the country, it's safe, probably in gold. >>> in the markets, the futures are fight slightly higher. yesterday the dow was up by 47 point. the s&p up by two. as patty dawn points out, the nasdaq has been the big issue. it was actually down yesterday by five points. it has not closed above the 3,200 level that so many had been watching closely. some say in order to see the s&p 500 and the dow break out to new hig
CNBC
Feb 1, 2013 9:00am EST
failure. he was 88 years old. koch led new york city for 12 years, known for saving the city from financial ruin. michael bloomberg saying in a statement the city has lost an icon. a cheerleader, champion, 5,000-word oh bit in the "times" today, words like pugnacious, tenacious, outspoken. david, you know his story pretty well. he really did set the stage for giuliani to change the city. >> yeah, he was the consummate new yorker. of course, living in his apartment not far from here, in greenwich village for so many years. not everybody in the community, but many would say, our mayor. when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. not without some scandal, but certainly with a great deal of enthusiasm. in many ways he brought the spirit back and made you feel good about being a new yorker. which is not easy to do, when you had lived through the '70s. >> he passes on a day where a new biography, a film biography of him opens. something somebody said is the koch
CNBC
Feb 12, 2013 6:00am EST
are now powering some of america's biggest cities. siemens. answers. man these guys are slow. reminds me of our network before cdw virtualized it. how? cdw and hp networking implemented a virtual application network that reduces the time to deploy cloud applications from months to minutes. with fewer bottlenecks like this. finally. charles! client golf. aim for the lake. really? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of pr
CNBC
Feb 15, 2013 6:00am EST
with their foams and cameras that showed the bags in question, the tent city in question. people who had a room with an actual window were much happier. we interviewed some of those folks last night. it wasn't as hot or smelly in their room. they were probably on an upper deck, so depending on where you were on the boat, as always. 100 buses were waiting last night to either new orleans or to galveston, which is where the boat originally disembarked from. there's going be about a dozen charter flights today by delta to get everybody home. back to you guys. >> all right, mcc, thank you. we want to hear from you, if not on a cruise ship, where would you rather be stuck? what would a better place to be rather than on a cruise ship? >> how about right here at work? >> right here at work? >> filling in for andrew ross sorkin. >> filling in for andrew ross sorkin. it smells fine in here right now. you showered this morning? i did, too. it's friday. so i did, as well. it's underwear change day, shower day, everything else. >> once a week you shower? >> is that tmi? no, no. when we were out in pebble,
CNBC
Feb 20, 2013 9:00am EST
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CNBC
Feb 5, 2013 9:00am EST
. some of the newer cities, yum doesn't even have competition. it has the supply chain, and the real estate identification teams to get into the smaller markets. the competition is scarce. the tier one markets, the returns are deteriorating. that's why they're slowing down that development there. but yum brands has a very deep investment capital opportunity if they can get its brand back on track. >> david, thanks to speak with you. >> thank you. >>> still ahead, much more of the dell buyout news. and the doj lawsuit.ate in me? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades n an account. to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son bro
CNBC
Feb 19, 2013 4:00am EST
who make promises that will never be fulfilled, my city has demonstrated you can make real contributions to provide the economy to businesses in trouble. we pay off our debt to business necessary time and this prevents companies from going bankrupt. but they still need help. we need to reduce the fiscal pressure and cut the cost of employment without damaging workers and their rights. >> it's fashion week here in milan. you only have to be here to get the sense of pride that people feel about this industry. how do you get that to translate to other sectors and the political system, too? >> translator: i think we can bring back pride to our politics giving a strong sign of renewal. i was in the uk and when i said i was a lawyer from italy, from milan, all people could talk about was bunga bunga. now that has changed. i've been invited to talk about the school of economics. i see when i go abroad, when foreign officials come to milan, the city is once again a focal point and there's a willingness to discuss and trade. >> the more foishlgs and public i speak to here, the more
CNBC
Feb 20, 2013 6:00am EST
. >> maybe somebody heard something with regard to a banker, some banker was going that city. putting two and two together. making a good bet. not based on actual knowledge but a bet that a lot of people follow that. they cash in, suddenly there's the huge action in the options. sec's right to look at it. they can put people other oath. people want to testify -- here's what i saw, what i did. the evidence that people are trading ahead of the deal is not evidence that they knew it was going happen. they figured it out. >> let me throw one other piece of news -- >> the -- at the monsanto -- >> i used to track plans. you can't do it anymore. very hard to track plans. >> get out on a moped and follow sir larns wiwrence wildman -- >> i believe that's legal as long as you're not tapping lines. >> it eerie. >> dell, they had earnings. i don't think new england care good the earnings, they --in cared about the earnings, they cared about the buyout. >> i think it's sad and public shareholders take a longer term view is the only reason this company is going private is because michael dell and silve
CNBC
Feb 5, 2013 5:00pm EST
right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of hewlett-packard surging on reports that the board is studying potential breakup scenarios. jon fortt has the latest. fact or fiction here? >> melissa -- fact, but not extremely exciting fact. the business new side courts reporting this. not a lot new i see in this report, saying that the board is exploring a breakup of some divisions, among other scenarios to maximize shareholder value. doesn't seem they've ever stopped analyzing these scenarios. but the spin off of the pc business is something that meg whitman keeps ruling out. earnings call after earnings call. nothing clear anything about that has chan
CNBC
Feb 11, 2013 5:00pm EST
. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. more money, more problems? why a drastic pay back may be the shareholder's best bet. energy independence. and, when it comes to oil, the focus is on north america, not the middle east. and gold breakdown. dennis gartman on why gold continues to lose its luster. but first, got to get to our top trade here, because the s&p 500 is hovers at 1500 yet again, our traders have found ways to play this rally. guy? >> hi, mel. >> valentine's week, just so you know. waiting for my gift. you laugh. valuation is crazy, 21 times forward earnings. you go back to the last quarter, operating margins, much better than expected. i know valuations are stretched. wig short interest here. still goes higher. >> is that connected to valentine's day week? >> no. nothing to do with it. >> not taking your wife to dunkin' donuts? >> just making sure mel knows, i'm waiting for my gift on thursday and that's putting it out there. >> wow. >> keep on a-waiting. pete? >> medical equipment. look at
CNBC
Feb 12, 2013 3:00pm EST
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. we have breaking news on apple. let's get to scott wapner right now. scott? >> reporter: all right, maria, t
CNBC
Feb 20, 2013 4:00am EST
at citi's expectations. trade's been volatile. shares fractionally lower. >>> let's check the broader landscape. two european markets are a little higher. xetera dax adding .3 after a strong performance yesterday on the strong zew survey. bond rates, we haven't seen as much focus on the space. it tells you something. the ten year in spain, 5.15%, under 4.4 for italy ahead of the elections on sunday. over to forex, the euro yesterday was initially stronger. gave up ground. today, adding .2% to 134. the yen giving up another .3%, heading back toward the 93 level. for more let's check in with li from singapore. >> reporter: thank you. asian shares climbed to the highest level in 1.5 years on an improving global outlook. the nikkei managed to close at a 52-month high despite a record trade deficit in january. investors are still awaiting the decision for the next boj chief. toyota shares gained 1.7% after thenique reports. the carmaker will ramp up production in april by 10% on expectations of higher domestic sales and more profitability due to a weaker yen. japan tobacco lost 1% an reute
CNBC
Feb 5, 2013 6:00pm EST
city. long time fan. >> i appreciate it. >> caller: h u.n. >> buy, buy, buy. >> go to john in florida. >> caller: jim, i would like your latest take on arena pharmaceutical. >> at jim cramer on twitter, because i didn't fall in love with this sto, a lot of people despise me. i know people are in love with it. i am not in love with it. carl in arkansas. >> caller: greetings from arkansas. i am thinking of picking up a bank stock, your thoughts of new york community bank. >> it is so much higher than all the others, i will send you to keen. i don't know, it is a nice gain. i prefer key. i like the safety. that, ladies and gentlemen, is the conclusion of the lightning round! >>> coming up, allergra catapulted in 2013. botox smoothed out wrinkles for their results. are shares heading high sner cramer talks to the ceo, just ahead. [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade
CNBC
Feb 11, 2013 6:00am EST
digging out for you. hamden, connecticut, 40 inches. in portland, the biggest snow in city history, 32 inches of snow falling in portland, maine. we have a messy commute for you, more freezing snow, more rain rolling in. for new york, it will be all rain for you. put it on top of the foot of snow that you had, it's a crummy morning. light snow rolling in towards boston and freezing rain, temperatures at 26 degrees. 3 below in bangor. in the capital district about 32. in new york, temperatures close to 42 degrees this morning. a little bit more snow to go, mostly through northern new england, as much as half a foot. and in watertown. but now, in addition to that, the staff has gotten very, very active. yesterday evening, a tornado touching down in hattiesberg, mississippi. many people injured, hitting southern mississippi campus here. more storms firing up this morning, not ruling out tornados. more storms in pensacola, florida, including val ves ton and houston. low chance of tornado, but a high threat for flooding. guys, no matter how you slice it, north or south, some very unwelcome
CNBC
Feb 11, 2013 9:00am EST
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> happy monday. welcome back to "squawk on the street." we'll begin with tech. jim short sounding the alarm of the apple bulls who screamed buy before the stock went down. we'll find out how many analysts failed to see that. >>> pope benedict will resign at the end of the month citing health concerns. what does it mean for the vatican and who could be next. >>> google shares down after hitting an all-time high last week, surging over 10% since the beginning of the year. are the charts pointing to more of a pullback ahead. >>> first, a lot of news out on tech this morning. certainly over the weekend we found google executive chairman eric schmidt is selling roughly 42% of his stake in google, in a move that could net him more than $2.5 billion. jon fortt has more from san jose. he joins us live. is it a surprise that schmidt should be such a heavy seller now? >> maybe a little bit of a surprise. not as big as the pope saying he's on his way out. but schmidt owns about 7.6 million sh
CNBC
Feb 14, 2013 9:00am EST
cities. siemens. answers. >>> welcome back to a news packed "squawk on the street." road map for the next hour, m and a hitting the street, berkshire and 3g buying heinz for $20 million including debt. we'll ask a long time berkshire shareholder how he feels about the deal. >> comments on the merger in the skies between us airways and american airlines. it is a cnbc exclusive. >> ceo of zillow joins us, shares surging 20% after record fourth quarter earnings. his initial reaction live in just a few moments. first back to the huge news of the day. warren buffett's berkshire hathaway and 3g buying heinz. bring in the man who broke the story. andrew sorkin. thanks. walk us through the history of this deal. >> this deal -- thank you, carl. the deal came about starting in december when actually the folks at 3g reached out to warren buffett. we do have warren buffett describing the transaction. it is for $72.50. the premium, 20%. should note 20% off its highs. that is something not though sneeze at. take a listen to what warren buffett had to say about the transaction. >> we're putting up more
CNBC
Feb 19, 2013 6:00am EST
. the cold is what's moving in here. dangerous windchills, 15 the below sfee row in the twin citys, 1 is in chicago and 13 in indianapolis. lots of layers for all the kids who are going back to school today. then we catch our next storm, this little pin wheel around the oregon coast. this will dive down around california today and is be a pretty big snowmaker. coast to coast, 6 to 12 inches in the snowfall mountains. plenty of snow here around the wasatch. these amounts in the appalachians, on the order of 1 to 3 inches today 37 back to you guys. >> beck can he can't believe what she just heard about that cold weather. eric, they're melg me, you didn't know it was 25 degrees. >> it's warmed up in minneapolis since earlier today. >> such balmy weather. >> it's like, i've known this, right? >> we're here to educate. >> eric, i rely on the weather channel. tell us something, andrew -- >> he did. he just told me it's 2:22 in nairobi. >> you need singapore time? >> you know what else? the clock when you put them all in, andrew, am i right? if it's nice, the clocks are dark. if it's daytime
CNBC
Feb 21, 2013 4:00am EST
in a position -- it's been a pretty awful episode for the city of london, a lot of big advisers, jpmorgan, credit suisse, some of the lawyers, price waterhouse coopers, a lot of people who are on the board of bumi, all of them have tarnished reputations as a result of this scandal. >> whose fault is that? >> that's a good question. and there's still a bitter takeover by the panel going on as to exactly who knew what when the fundamental issues about funds that have gone missing from the company before it was brought to the london market. >> and nat rothschild has a lot of complaints about that money. the question is whether he knew about it before he brought this company to the london market, anyway. >> he calls the current management team a disaster. the company is uninvestble. we have to get out the cancer, he says. >> bumi has made a lot of commitments as to what they will do if this vote is won. they certainly sent a message that the current chairman will step down, the backrie family have offered to buy out half the company in return for their own shares in bumi. so in theory, at lea
CNBC
Feb 1, 2013 4:00am EST
driven downturn. >> and there are forecasts now. i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's going on in january? because with such easy money in the world and the fact that if you're a fixed income investor, real returns are negative. are we driving fixed income investors not just in the sovereign market, but, you know, they're not going to -- they can't switch out of fixed income into equity. we talk about them looking at structured credit now seems to be flying, investment grade is overvalued. i wonder if that's what's going on here, if you can find the spanish debt at 5%, it's still better than other stuff you could buy. >> what we're seeing he
CNBC
Feb 5, 2013 12:00pm EST
on valuation, he joins us now from new york city. >> we have been watching apple sell all the way down from $705 to where it stands today. what's it worth for real? people want to know who are watching this show, whether they should get in, if they have it now, what should they do. >> i think it's worth a lot more than $450. at the same time, i was listening to your discussion and i think it's good news that the traders are leaving and the momentum is gone because i left apple eight months ago and i was on cnbc when i said i wasn't going to be an apple investor because there were too many crazy people around, essentially investing in the stock for the wrong reasons. if they wash out the markets of all those investors who had no idea what happened but are trading on it purely based on momentum. the value i got and it's on my website, is about $600 per share. when investors react to the earnings report. it was not a great earnings report. growth had leveled off, but if only apple were priced on the expectation of high growth. you don't need any growth to justify a $4 billion market cap. at a
CNBC
Feb 6, 2013 4:00am EST
. everything is an additional 50%, 60%. an expensive city. so we'll see. it sounds like if mark carney actually doesn't come out with some of the more dovish statements on thursday people are expecting, the other thing could happen. we could be backing up toward 1.60 again. we'll see. mark, i hope you're listening. i'm kidding. >> between 1.50, 1.65 is -- what the exchange rate should be for dollar/sterling. that band is the comfortable trade weighted. it's about right. >> okay. >> and now, hsbc taking a turn in the hot seat this morning, appearing before the parliamentary commission on banking standards. hsbc ceo stewart gulliver and chairman douglas flint giving answer as we speak. just to let you know that that's happening. and there's plenty of corporate news, as well, today. >> that's right. disney's first-quarter profits fell 6% in part because of rising costs to buy sports content for espn. the company is exploring an exit from espn in the u.k. excluding that, results beat forecasts as revenues rose 5%. disney does see better quarters ahead thanks to strong film slate and improving theme
CNBC
Feb 6, 2013 9:00am EST
from the 787 grounding. >> good morning, carl. four cities in the u.s. in particular are impacted by what's happening with the dreamliner. you see them over here. san jose, san diego, denver and houston. let's walk through and explain what's at stake for each of these cities. san jose had the dreamliner service started at one point. and the flight from san jose to tokyo, the economic impact, it's estimated to be about $214,000 a day to that region. now, that's just an estimate at this point. next when you talk about san diego, japan airlines beginning dreamliner service, or supposed to begin service to narita, and at this point, $750,000 in marketing support, along with reduced landing fees. the reason why? you want that direct flight over tokyo from san diego. denver, colorado, this is a big deal for united airlines. service was supposed to start at the end of march. at this point they say it's still going to happen. but look at the economic impact if this is delayed. it's estimated this service will bring in $132 million to the state of colorado. and then finally, united also pl
CNBC
Feb 6, 2013 12:00pm EST
it to continue. jim and anthony in new york city. what's fueling this rally? give us perspective. >> platinum is a good indicator how the industrial markets are doing. 66% of all platinum mind is used in industry. auto number one, jewelry, number two and turbine engines for airplanes. it is showing you there is strength in the auto industry and airplane and jewelry business. a good indicator and usually in a good economy, platinum will o out-perform gold. >> why are traders watching it. >>> what does it tell them? >> first, i only agree with half of what he just said. the platinum scenario is important for the stocks to do well, pretty decent global growth but nothing to write home about. platinum does a little bit better when the china story looks like it could pop with momentum. an excellent indicator from the stock market but not just the growth side of it. >> if you had to pick one metal for 2013, flat numb, gold or silver? >> i'm looking at platinum. it is $5 from its all time high and gold closer to that. i think it can make that move quicker and usually out-performs gold. >>> what abou
CNBC
Feb 7, 2013 6:00am EST
city, in is a tricky forecast for you. you're right on the line. we know it's going to snow. the question is, how much is it going to snow. we've got you in the 6 to 12 inch range right now. that would be the biggest storm of the year so far. northern new jersey, some big snow totals and in lesser amounts if you move south and west. don't think you're going to have to go very far to get into the north or east to get into the bigger snow totals. poughkeepsie, eastern long island, things will be significantly worse than we see in the city itself. timing there is late tomorrow and into tomorrow night. you see amounts tapering off as you head farther south and west. the idea here is that a lot of people see a foot of snow. some people say two feet of snow. maybe in a few spots in and around boston we could see three feet of snowfall out of this one. your top five snowstorms, the biggest, presidents' day in 2003. some model res saying we may beat that total in boston. not written in stone, but these are ones that everybody remembers. we stop that, that indeed will be something to
CNBC
Feb 12, 2013 9:00am EST
of america's biggest cities. siemens. answers. >>> only 25 minutes before tim cook addresses the goldman sachs technology conference. we'll break down what we can expect to hear from cook and what does it mean for apple stock today. great to see you. >> hello. >> what are you expecting to hear from cook today? >> yes. he's going to speak at the conference and we don't think he'll get into too much details over there. at this point, where the stock is, we think he'll address two things. strategy and products. they said they're actively looking at the cash balance. we expect them to increase dividends and have more buybacks. we think he's not going to get into details, but they're going to indicate their willingness to do that. on new products, they'll definitely talk about new products before the actual launch. but i think he's going to talk about the confidence in the new product pipeline. >> do you think that tim cook's playbook will change a little bit, given the pressure that he might be feeling from shareholders, like a david einhorn? and the focus that apple's been under, and the sc
CNBC
Feb 14, 2013 6:00am EST
information on that. plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug parker arriving at the airport in dallas just a few minutes ago. we're expecting an official announcement from amr on the usair merger. that's coming, we think, very, very toon soon. we're going to have that and a lot more when squawk returns. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back to squawk this morning. t let's take a lo
CNBC
Feb 19, 2013 12:00pm EST
the better, they like citi, they like bank of america. that's a pretty significant line in the stand. i don't know a lot of people that are long on the stock that are looking to part with it just yet. it really seems to be strong, even on down days. >> interesting you say that because, weis, you're one of those. you're long and you have no plans to bail. >> i don't. i'm till positive on the economy. net interest margins will increase and you'll make more money. i think you're seeing a turn in m&a also. >> until that dynamic change, i'm not sure why anyone would want to walk away. >> best buy is getting a boost today, also getting an upgrade. stocks having a nice move. >> the stock was left for dead last year. fourth quarter sales were a little better than people expected, that showed some stabilization, which was positive. and steefle also making a call on management doing a much better job. the risk is the same it's been. google is getting into retail, apple has eaten their lrcunch. i would take profits and gets out of this. i don't see growth going forward. >> and dell will report earning
CNBC
Feb 27, 2013 4:00am EST
. >>> it was a budget day in hong kong. we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political impasse? rome looking to sell between three and four billion euros of a ten-year issue. this was the six-month auction producing the most since 2012, up around 50 basis points. this is where the euro is trading ahead of the auction. 130.79 where we stand currently. yesterday we were down at seven-week low of around 1,317 -- 1.3017. it's warned in italy that a loss of investor confidence could increase borrowing costs and reignite the debt crisis. as for italy's politicians, the leader of the center left coalition has vowed that he would try to form a government and seek an alliance that would re
CNBC
Feb 4, 2013 9:00am EST
.75%. declines on the part of bank of america and citi, down more than 1% apiece. technology, it follows the theme all throughout 2013 so far, technology is slightly lower. although we do have apple trading higher today. the fact that apple of late seems to be bucking the trend of the markets. whenever that trend happens to be. today is a downtrend, apple trading higher. certainly for the year, it has been that the markets rallied without apple. in spite of apple we should note. it is still the second largest company by market capitalization on the s&p. >> they're very close, exxon and apple. and we have to mention facebook. i mention facebook because the shares are down over 3%. adding to losses that have started to add up percentagewise for this company, after reported what were not great earnings. at least when you look at mobile and the growth there. again, that according to some who follow the company closely, who were not as perhaps enthused as they otherwise might have been. >> within the realm of this sort of large cap, technology leaders, google getting a downgrade today. google
CNBC
Feb 5, 2013 11:00pm EST
. and then the other half, 60, so you get an average. sonny in illinois. >> caller: a big booyah from the windy city. i love your show. long time fan. >> i appreciate it. >> caller: the company is huntsman, h u.n. >> go with georgia gulf. buy, buy, buy. go to john in florida. >> caller: jim, i would like your latest take on arena pharmaceutical. >> @jimcramer on twitter, because i didn't fall in love with this stock, a lot of people despise me. i know people are in love with it. i am not in love with it. be but let's go to carl in arkansas. >> caller: greetings from arkansas. i am thinking of picking up a bank stock, your thoughts of new york community bank. >> the yield is so much higher than all the others, i will send you to keen. i don't know, it is a nice gain. i prefer key. i like the safety. that, ladies and gentlemen, is the conclusion of the lightning round! >>> ina bull market, it is easier to pick stock that can go higher. this is what a bull market looks like. what is more lucrative is picking stocks that go higher. we have stocks like allergan, it makes real medicine, a leading player in t
CNBC
Feb 8, 2013 12:00pm EST
allocation. what are traders citying about it? steve grasso is standing by on the floor of the new york stock exchange. welcome back. >> thank you. >> bottom line, this note says the chances of apple returning cash is better than ever maybe right now. >> that's it right there. with the conversation started, it's been on everyone's mind about where this cash is going to be allocated to. it got the conversation on the front burner once again. apple has jumped from that 4$43 level around january 24, 25th. it's brought the dialogue into the annual investor meeting. people want to know where it's going. people are excited about it. you're not going to sell the stock ahead of that meeting, you're not going to sell the stock until you find out buyback, dividend, what the story is. >> did einhorn just put a floor under the stock? >> i don't know about a floor. but going into the meeting, going into february 27th, i think there's going to be a floor put on the stock until we find out some closure as to what's happening to it. but goldman said it. there's a bunch of different opportunities. they don't
CNBC
Feb 15, 2013 12:00pm EST
powering some of america's biggest cities. siemens. answers. >>> welcome back to the "fast money halftime report." the battle for your burger. burger king expects better than profits. pete says burger king is the better buy. let's settle the beef between traders. pete you're up first. >> when you look at burger king what they are doing is taking something out of mcdonald's playbook. what they are attacking, they are looking at them and say what worked for you part is global expansion. they reinvent ad lot of what they are doing in the stores reimaging themselves. when you look at their menu they are getting very aggressive. they got themselves into coffee. lattes. you're seeing some results. >> the story sounds good. the problem is they haven't shown top line growth. they haven't been able to grow revenues. mcdonald's still has 10% earnings growth direction over the next two years. it has dividend yield of 3% versus 1% for burger king. it has a cheaper valuation. most importantly the fries are just much better. the fries are still much better at mcdonald's. >> burger king is on that traje
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